2012 Event Cristina Fernandez de Kirchner, President of Argentina, announces she will switch her personal savings from the U.S. dollar to the Argentine peso 2011 Event In South Korea, the Financial Services Commission reveals they plan to inject more money into suspended local savings banks 2010 Event German Chancellor Angela Merkel agrees to spread $80 million pounds in savings across four years with her coalition cabinet 1991 Event Charles Keating, Jr. (Lincoln Savings and Loan fraud), found guilty 1990 Event Cost of rescuing savings and loan failures is put at up to $130 billion 1987 Event Chris Johnson wins Columbia Savings LPGA National Golf Pro-Am 1984 Event Betsy King wins LPGA Columbia Savings Golf Classic 1983 Event Pat Bradley wins Columbia Savings Golf Classic 1982 Event Beth Daniel wins LPGA Columbia Savings Golf Classic 1981 Event Joanne Carner wins Columbia Savings LPGA Golf Classic 1980 Event Beth Daniel wins Columbia Savings LPGA Golf Classic 1979 Event Sally Little wins LPGA Columbia Savings Golf Classic 1969 Event Sandra Spuzich wins LPGA Buckeye Savings Golf Invitational 1968 Event Carol Mann wins LPGA Buckeye Savings Golf Invitational 1968 Event British adopts year-round daylight savings time 1967 Event Carol Mann wins LPGA Buckeye Savings Golf Invitational 1966 Event Sandra Haynie wins LPGA Buckeye Savings Golf Invitational 1965 Event Kathy Whitworth wins LPGA Buckeye Savings Golf Tournament 1956 Event Premium Savings Bonds introduced in Great Britain 1942 Event Daylight Savings War Time goes into effect in U.S. 1941 Event U.S. savings bonds go on sale 1934 Event Federal Savings and Loan Association created 1918 Event 1st daylight savings time in U.S. goes into effect 1916 Event Britain begins "Summer Time" (Daylight Savings Time) 1916 Event British Summer Time (Daylight Savings), 1st introduced 1911 Event U.S. postal savings bank inaugurated 1910 Event U.S. postal savings stamps 1st issued 1890 Event Alabama Penny Savings Bank organizes in Birmingham 1889 Event Savings Bank of Order of True Reformers opens in Richmond, Virginia 1861 Event British Post Office Savings Banks opens 1859 Event Hibernia Savings and Loan Society of San Francisco incorporates 1847 Birthday W R Pettiford, Founder, Alabama Penny Savings Bank 1819 Event 1st savings bank in U.S. (Bank of Savings in New York City) opens its doors 1816 Event 1st savings bank in U.S. opens (Philadelphia Savings Fund Society)